Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.5.0.2
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 18. SUBSEQUENT EVENTS
 
On August 1, 2016, we acquired the assets of Hillcrest Media Group, Inc., a provider of self-publishing services for general market authors, for $3.5 million in cash.
 
On July 21, 2016, we entered into an APA to acquire KXFN-AM in St. Louis, Missouri for $0.2 million. We expect the transaction to close in the latter half of 2016.
 
We have continued to acquire FM Translators or FM Translator Construction permits during the first FCC AMR window, which expired July 28, 2016. These transactions include the following:
 
Date APA
Entered
 
Permit or ID
 
Authorized Site - Current
 
Purchase Price
 
 
Escrow
Deposits
 
 
Market
 
 
 
 
 
 
(Dollars in thousands)
 
 
 
7/25/2016
 
K296AL
 
Crested Butte, Colorado
 
$
39
 
 
$
8
 
 
Colorado Springs, Colorado
7/25/2016
 
K283CA
 
Festus, Missouri *
 
 
40
 
 
 
8
 
 
St. Louis, Missouri
7/26/2016
 
W263BS
 
Rhinelander, Wisconsin
 
 
50
 
 
 
25
 
 
Minneapolis, Minnesota
7/26/2016
 
K294CP
 
Roseburg, Oregon *
 
 
45
 
 
 
9
 
 
Portland, Oregon
7/26/2016
 
W279BK
 
Carbondale, Pennsylvania
 
 
75
 
 
 
15
 
 
Pittsburgh, Pennsylvania
7/26/2016
 
W283BR
 
Dansville, New York
 
 
75
 
 
 
15
 
 
New York, New York
7/26/2016
 
K228FC
 
Kingsville, Texas *
 
 
50
 
 
 
10
 
 
Houston, Texas
7/26/2016
 
K245AR
 
Little Fish Lake Valley, California
 
 
44
 
 
 
20
 
 
Sacramento, California
7/26/2016
 
K276FZ
 
Eaglemount, Washington *
 
 
40
 
 
 
8
 
 
Portland, Oregon
7/27/2016
 
W256CO
 
Angola, Indiana *
 
 
50
 
 
 
15
 
 
Cleveland, Ohio
7/27/2016
 
W249CQ
 
Cofax, Indiana *
 
 
45
 
 
 
14
 
 
St. Louis, Missouri
7/27/2016
 
W263CS
 
Battle Creek, Michigan *
 
 
50
 
 
 
15
 
 
Cleveland, Ohio
7/27/2016
 
W227BT
 
Port St Lucie, Florida
 
 
100
 
 
 
10
 
 
Tampa, Florida
 
 
W298AM
 
Aurora, Florida
 
 
 
 
 
 
 
 
 
TBD
7/28/2016
 
K239CD
 
Lahaina, Hawaii *
 
 
110
 
 
 
11
 
 
Honolulu, Hawaii
 
 
K241BZ
 
Kihei, Hawaii
 
 
 
 
 
 
 
 
 
Honolulu, Hawaii
 * Indicates that the purchase is for a FM Translator Construction Permit.
  
Subsequent events reflect all applicable transactions through the date of the filing.